CRCL

Requested read · Friday 28 August 2026, 11:29 · same framework and thresholds as the weekly CFO screen

Market regime: SPY above its rising 200DMA; efficiency ratio 0.04 — overlapping, stand aside. Stage: Mature Trend.
CRCL
Circle Internet Group, Inc.
Stand aside — 200DMA is not rising — regime not clear. (+2 more)
Unclear XLF sector confirmed 1 insider(s) buy date unknown
37
conviction / 100
-2.0 since 25 Aug
44.0
technical / 100
$0–$0
No trade / watch only · Hard gate breached.
Regime clarity5.0
Sponsorship / positioning12.5
Volatility behaviour9.0
Catalyst alignment (insider)2.0
Cross-asset confirmation8.7
Stand aside — hard gate breached
  • 200DMA is not rising — regime not clear.
  • 50DMA is not rising.
  • Overlapping range behaviour — efficiency ratio 0.03 vs the 0.15 threshold (violent whipsaw, not a quiet range — the last pullback was 54% deep. Huge travel, no net progress).
Last
94.24
Add above
118.85
Cut below
60.35
50DMA
70.28
200DMA
84.92
CRCL daily chart: price with 50 and 200 day moving averages, volume, and on-balance volume
CRCL — daily, 14 months
XLF sector ETF daily chart
XLF — sector ETF, daily, 14 months
Pillar detail, thesis support and invalidation
Regime clarity
  • price above 200DMA
  • 200DMA flat/falling
  • 50DMA flat/falling
  • no HH/HL structure
  • efficiency ratio 0.03 (overlapping)
Sponsorship / positioning
  • OBV 50d slope +0.167 avg-daily-volumes/bar
  • price/volume history is NOT one continuous security — a single 35% session gap. A conversion, large secondary or stock merger changes the share count, so the 200DMA averages two capital structures and OBV sums two different securities. Read this pillar with suspicion.
  • no OBV divergence at highs
  • OBV fell through last pullback
Volatility behaviour
  • last pullback 54.2% deep
  • no wide downside expansion bars (30d)
  • ATR expanding vs 20d mean
Catalyst alignment (insider)
  • single insider — no cluster
  • net purchase ratio unavailable
  • NO CFO purchase in the window — the CFO-specific terms score zero
  • no CFO buy to date — recency not scored
Cross-asset confirmation
  • closest sector ETF: XLF
  • XLF above rising 200DMA (sector-led)
  • XLF vs SPY 6m: -1.3 pts
  • stock vs XLF RS (3m/6m avg): -14.7 pts
What strengthens the thesis
  • A confirmed higher high above 118.85 on expanding OBV.
  • Pullbacks that hold the rising 50DMA with flat-to-rising OBV.
  • XLF extending its own trend while the stock holds relative strength.
  • The 50DMA turning up would restore regime clarity.
What invalidates the thesis
  • Loss of the rising 50DMA (70.28) with expanding volatility — reduce.
  • Breakdown below the prior structural base (60.35) — exit, no averaging down.
  • OBV divergence during a price acceleration — reduce.
  • Sector ETF losing its own 200DMA — remove capital regardless of stock behaviour.
Insider detail
  • CFO: —
  • 0 CFO purchase(s), — total; last filed
  • Market cap $25,689,268,224 · 20d avg dollar volume $1,117,274,708
Net insider activity
  • No open-market insider transactions found in the lookback window.
Reaction to news
8 material events; 5 taken well, 2 badly; last earnings 05 Aug: shrugged off (+0.0%).
SessionFilingEventGapDayvs SPYVol+5dRead
05 Aug 268-K · earningsResults of operations (earnings)-2.0%+0.0%+0.2%1.6x+12.6%Shrugged off
05 Aug 2610-QQuarterly report-2.0%+0.0%+0.2%1.6x+12.6%Shrugged off
02 Jul 268-KOther material event+3.0%+4.3%+4.4%1.2x+2.4%Faded
12 Jun 268-KDirector or officer change-0.8%-5.8%-6.3%0.9x+2.7%Punished
18 May 268-KMaterial event-1.7%-2.3%-2.2%0.7x-6.5%Neutral
11 May 268-K · earningsResults of operations (earnings); Other material event+4.6%+15.9%+15.7%3.7x-15.5%Rewarded
11 May 2610-QQuarterly report+4.6%+15.9%+15.7%3.7x-15.5%Rewarded
17 Mar 268-KDirector or officer change-1.4%+5.1%+4.9%1.1x-23.5%Rewarded